UMW Holdings Berhad’s automotive sales increased by 8% to 42,315 units in November, compared to 39,034 units a year earlier, as its associate company Perusahaan Otomobil Kedua Sdn Bhd (Perodua) continued to deliver its outstanding orders.
Accordingly, the group’s year-to-date (YTD) sales performance rose 16% to 396,820 units from 341,390 units registered the prior year, according to UMW’s statement today (Dec 13).
UMW Toyota Motor (UMWT) sold 10,263 units in November, 1.71% lower than the 10,442 units delivered last year. However, YTD sales expanded 8% to 97,705 units from 90,595 units registered in the previous year.
“To further strengthen its order book, UMWT is offering special promotions for the purchase of selected Toyota models through its ‘Drive into the New Year with Toyota’ campaign for December,” said UMW.
Perodua, meanwhile, registered 32,052 units in November 2023, 12% higher compared with the 28,592 units delivered a year ago, mainly due to the improving supply chain as well as enhancement of production and logistics.
YTD sales climbed 19% to 299,115 units, from 250,795 units, with top selling models being the Bezza, followed by the Axia and Myvi.
“The UMW Group is encouraged by the sustained strong sales registered by both UMWT and Perodua in November 2023. Year-to-date November 2023, both companies registered higher sales compared with the same period of 2022. The strong sales achieved was driven by the introduction of competitive and exciting new models as well as attractive sales Promotions,” the statement read.
UMW has become an indirect subsidiary of Sime Darby Bhd, as Sime Darby has completed the acquisition of a 61.18% stake in the company on Wednesday through a takeover exercise at RM5 per share.
UMW’s share price was up two sen or 0.4% to RM4.97 at the time of writing, giving it a market capitalisation of RM5.79 billion. The counter has risen over 44% YTD, and 50% in the past year.
